Master of Commerce (Actuarial Science)

Recommended Study Plan – MC-COMACTS
12 subject - 150 point program

View this course in the Handbook

Students can elect to follow one of two pathways: the practice pathway or the research pathway. Both study plans are outlined below:

Practice Pathway

Program Director: Dr Ping Chen     Emailping.chen@unimelb.edu.au

First semester of study
Discipline Core
ACTL90003Mathematics of Finance III
Discipline Core
ACTL90010Actuarial Practice and Control I
Discipline Core - one of
ACTL90013Actuarial Studies Projects
ACTL90016 Actuarial Science Research Report Part 1
ACTL90018 General Insurance Practice
ACTL90004 Insurance Risk Models
Elective
Second semester of study
Elective
Elective
Capstone
ACTL90019Data Analytics in Insurance 2
Capstone
ACTL90011Actuarial Practice and Control II
Third semester of study
Discipline Core - one of
ACTL90013Actuarial Studies Projects
ACTL90016 Actuarial Science Research Report Part 1
ACTL90017 Actuarial Science Research Report Part 2
ACTL90018 General Insurance Practice
ACTL90004 Insurance Risk Models
Elective
Elective
Elective

Research Pathway

Students interested in progressing to the PhD program will need to follow the research pathway.

First semester of study
Discipline Core
ACTL90003Mathematics of Finance III
Discipline Core
ACTL90010Actuarial Practice and Control I
Elective
Elective
Second semester of study
Discipline Core - one of
ACTL90011Actuarial Practice and Control II
ACTL90013 Actuarial Studies Projects
ACTL90018 General Insurance Practice
ACTL90019 Data Analytics in Insurance 2
ACTL90004 Insurance Risk Models
Elective
Elective
Capstone
ACTL90016Actuarial Science Research Report Part 1
Third semester of study
Discipline Core - one of
ACTL90011Actuarial Practice and Control II
ACTL90013 Actuarial Studies Projects
ACTL90018 General Insurance Practice
ACTL90019 Data Analytics in Insurance 2
ACTL90004 Insurance Risk Models
Elective
Elective
Capstone
ACTL90017Actuarial Science Research Report Part 2

Elective List

ECOM90004Time Series Analysis and Forecasting12.5 credit points
ECOM90010 Bayesian Econometrics 12.5 credit points
FNCE40003 Numerical Techniques in Finance 12.5 credit points
MAST90045 Systems Modelling and Simulation 12.5 credit points
MAST90082 Mathematical Statistics 12.5 credit points
MULT90014 Business Risk Management 12.5 credit points
MAST90083 Computational Statistics & Data Science 12.5 credit points
BUSA90473 Business Practicum
Eligible students only, competitive-entry subject
12.5 credit points
BUSA90485 Global Business Practicum
Eligible students only, competitive-entry subject

Students must take five elective subjects from this elective list
12.5 credit points